Bloomberg reports, “The Purchasing Managers’ Index (CPMINDX) was at 50.4, the National Bureau of Statistics and China Federation of Logistics and Purchasing said today in Beijing, less than the 50.5 median estimate of 38 analysts in a Bloomberg News survey. March’s reading was 50.3, with numbers above 50 signaling expansion.”
Critics are worried that India will be unable to achieve the previously projected 10 percent growth rate for manufacturing employment that would serve to boost the Indian economy.
The latest reports show that Japan looks good as the main Asian manufacturer of the latest Boeing model. The latest move is a continuation of the agreement with Boeing that has seen Japan building its planes for almost two decades.
As of May 1, infant formula manufacturers will face new, stricter regulations by the Chinese government. Analysts expect the move will primarily affect infant formula companies based in New Zealand.
In the latest report from Global Post, “Japanese carmaker Toyota said employees at its strike-hit complex in southern India returned to work Tuesday [April 22], ending a five-week standoff.” The Bidadi Toyota plant was recently under fire by its own employees. The workers cited pay issues that stemmed from an eight-day lockout that took place…
Japan and Australia recently finalized a trade agreement that was seven years in the making. The trade deal is set to decrease duties on Australian agricultural products – a move that benefits Japan. Additionally, Australia will see deals in future purchases of Japanese electronics.
China’s March manufacturing numbers are out and the data shows that the country’s economy is weak, but not completely doomed. Some analysts see the latest numbers as a light at the end of a long, eight-month tunnel. The most recent evaluation of the purchasing managers’ index (PMI) in March shows a slight increase at 50.3…
According to Market Watch, “The seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index, prepared by Markit, fell to 51.3 from 52.5 in February, but still remained above the 50 mark for the fifth straight month, according to a survey released Tuesday. Readings above 50 indicate expansion; those below that level indicate contraction.”
Boeing, a global titan in aerospace manufacturing, has announced plans to cut around 300 Australian-based manufacturing jobs. According to Bloomberg News, “The jobs will be eliminated by the end of the year, Boeing spokeswoman Caroline Bell said today in an e-mailed statement.” Although Boeing is a U.S.-based company and top exporter, Australia remains Boeing’s second…
Economists are optimistic for China’s manufacturing industry despite declining production rates, based on a steady rise in market shares. The latest numbers show the Hang Seng Index is up by 1.1 percent at 21,673.21 points, a recent high. The latest financial numbers come on the heels of the industry’s eighth consecutive month of slow production….